Agnico Eagle Mines Limited

NYSE:AEM Stock Report

Market Cap: US$31.8b

Agnico Eagle Mines Valuation

Is AEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AEM ($63.84) is trading above our estimate of fair value ($34.63)

Significantly Below Fair Value: AEM is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for AEM?

Other financial metrics that can be useful for relative valuation.

AEM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5x
Enterprise Value/EBITDA10.3x
PEG Ratio-3x

Price to Earnings Ratio vs Peers

How does AEM's PE Ratio compare to its peers?

The above table shows the PE ratio for AEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49.5x
RGLD Royal Gold
33.7x20.0%US$8.1b
BVN Compañía de Minas BuenaventuraA
151.4x49.1%US$4.0b
AUCO.Y Polymetal International
4xn/aUS$899.9m
STLD Steel Dynamics
8.8x-14.4%US$21.6b
AEM Agnico Eagle Mines
16.4x-5.5%US$31.8b

Price-To-Earnings vs Peers: AEM is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (49.5x).


Price to Earnings Ratio vs Industry

How does AEM's PE Ratio compare vs other companies in the US Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: AEM is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the US Metals and Mining industry average (13.8x).


Price to Earnings Ratio vs Fair Ratio

What is AEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: AEM is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$63.84
US$70.12
+9.8%
14.2%US$86.70US$54.00n/a14
Apr ’25US$61.30
US$65.71
+7.2%
10.2%US$77.00US$54.00n/a13
Mar ’25US$49.62
US$65.11
+31.2%
9.3%US$75.00US$54.00n/a13
Feb ’25US$50.61
US$66.98
+32.4%
8.0%US$75.00US$54.00n/a12
Jan ’25US$54.85
US$65.31
+19.1%
9.1%US$75.00US$53.00n/a13
Dec ’24US$54.39
US$64.92
+19.4%
9.4%US$75.00US$53.00n/a12
Nov ’24US$47.01
US$64.09
+36.3%
8.7%US$72.00US$53.00n/a11
Oct ’24US$45.45
US$65.05
+43.1%
8.7%US$72.00US$53.00n/a11
Sep ’24US$48.13
US$64.50
+34.0%
8.3%US$72.00US$53.00n/a13
Aug ’24US$50.61
US$64.81
+28.1%
8.9%US$72.00US$53.00n/a13
Jul ’24US$49.98
US$64.70
+29.4%
8.9%US$72.00US$53.00n/a13
Jun ’24US$52.35
US$64.23
+22.7%
8.2%US$71.00US$53.00n/a13
May ’24US$55.92
US$63.67
+13.9%
8.7%US$71.00US$53.00n/a12
Apr ’24US$50.97
US$61.10
+19.9%
7.2%US$69.00US$55.00US$61.309
Mar ’24US$46.90
US$62.43
+33.1%
7.5%US$69.00US$55.00US$49.629
Feb ’24US$57.20
US$63.59
+11.2%
8.7%US$68.30US$50.00US$50.619
Jan ’24US$51.99
US$61.81
+18.9%
7.9%US$67.00US$50.00US$54.859
Dec ’23US$52.17
US$62.00
+18.8%
8.3%US$67.00US$50.00US$54.398
Nov ’23US$45.76
US$60.90
+33.1%
9.3%US$67.00US$50.00US$47.0110
Oct ’23US$42.23
US$65.30
+54.6%
8.4%US$76.00US$58.00US$45.4510
Sep ’23US$40.19
US$66.20
+64.7%
7.7%US$76.00US$58.00US$48.1310
Aug ’23US$42.94
US$66.90
+55.8%
7.6%US$76.00US$60.00US$50.6110
Jul ’23US$47.41
US$72.70
+53.3%
7.1%US$85.00US$65.00US$49.9810
Jun ’23US$53.17
US$73.00
+37.3%
7.1%US$85.00US$65.00US$52.3510
May ’23US$58.23
US$72.36
+24.3%
8.3%US$85.00US$62.00US$55.9211
Apr ’23US$63.28
US$67.00
+5.9%
8.8%US$77.00US$60.00US$50.9711

Analyst Forecast: Target price is less than 20% higher than the current share price.


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